Which of the following is not a step in the forecasting process?
A)determine the purpose and level of detail required
B)eliminate all assumptions
C)establish a time horizon
D)select a forecasting model
E)monitor the forecast

Question

Quizplus · Accepted Answer

Eliminating all assumptions is not a step in the forecasting process as it is impossible to eliminate all assumptions. Forecasting involves making assumptions based on available data and past trends to predict future outcomes with a degree of uncertainty. Therefore, this step is not practical or feasible in the forecasting process.

Which of the Following Is Not a Step in the Forecasting